Mullen Group Ltd (MTL) PT Lowered to C$18.25
Mullen Group Ltd (TSE:MTL) had its price objective lowered by National Bank Financial from C$18.75 to C$18.25 in a research report issued on Thursday. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 9.02% from the company’s previous close.
A number of other analysts also recently issued reports on the stock. Scotiabank reissued an “outperform” rating and issued a C$18.00 price objective on shares of Mullen Group in a report on Wednesday, July 26th. CIBC cut their price objective on shares of Mullen Group from C$20.50 to C$19.00 in a report on Thursday, July 20th. Finally, Raymond James Financial, Inc. boosted their price objective on shares of Mullen Group from C$15.25 to C$15.75 and gave the company a “market perform” rating in a report on Thursday, July 27th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$18.44.
Mullen Group (MTL) opened at 16.74 on Thursday. The company has a market cap of $1.74 billion and a PE ratio of 34.16. Mullen Group has a 52 week low of $14.49 and a 52 week high of $20.32. The firm’s 50-day moving average is $16.66 and its 200-day moving average is $15.78.
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About Mullen Group
Mullen Group Ltd is a Canada-based supplier of trucking and logistics services. It operates through two operating segments: Trucking/Logistics and Oilfield Services. The Trucking/Logistics segment consists of over 10 Business Units, offering a range of truckload and less-than-truckload (LTL) general freight services to customers in Canada and the United States, such as transporting goods, including general freight; commodities, such as cable, pipe and steel; over-dimensional loads, such as heavy equipment and compressors, and dry bulk commodities, such as cement and frac sand.
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